Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
93 other companies have their registered office at the same address; threshold 10.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VSG Patrimoine from Elsene, company number BE0651774375, closed financial year 2025 with a result of € -78,620 after tax. For that financial year VSG Patrimoine recorded a gross margin of € -133,221 and equity of € 2.2 million. Compared with financial year 2024, the result moved from € -49,085 to € -78,620. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ 2.2 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -78,620
▼ 60 % more loss than in 2024
Profit after tax over the fiscal year.
€ 11,331
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -435,746.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 16,736
▲ 183% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -57,518 | € -52,137 | € -63,249 | € -133,221 | ▼ € 69,972 |
| Profit after taxes | € -162,222 | € -58,793 | € -49,085 | € -78,620 | ▼ € 29,535 |
| Equity | € 2,112,447 | € 2,374,651 | € 2,325,566 | € 2,246,946 | ▼ 3% |
| Total debts | € 1,269,416 | € 1,435,356 | € 1,936,643 | € 3,209,983 | ▲ 66% |
| Cash | € 39 | € 36 | - | € 11,331 | |
| Retained profit | € -570,245 | € -308,041 | € -357,126 | € -435,746 | ▼ € 78,620 |
| Bank debt | € 0 | € 0 | € 13,299 | € 0 | ▼ 100% |
| Balance sheet total | € 3,381,862 | € 3,810,007 | € 4,274,700 | € 5,469,419 | ▲ 28% |
Key figures of VSG Patrimoine, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VSG Patrimoine?
What happened at VSG Patrimoine in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 78,620. filed late Source: NBB ↗
- Vanina Walon became a director. NBB
- New establishment in Brussel. KBO
- Vivien de Gunzburg became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 162,222 loss in 2021 to € 78,620 loss in 2025.
Paid € 1,111 in corporate taxes since 2021.
Management
Behind VSG Patrimoine are Vanina Walon and Vivien de Gunzburg. It owns gunzburg & Co and SCI CHASA itself.
Directors
According to the 2025 annual accounts
Vanina Walon
Director
since 2017
Vivien de Gunzburg
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Louizalaan 500 box 232
1050 Elsene
Louizalaan 500
1050 Brussel
Active since 11 April 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 93 companies are registered at this address.
All companies at this address →CHAMBRE DE COMMERCE CANADA-BELGIQUE-LUXEMBOURG-'KAMER VAN KOOPHANDEL CANADA-BELGIE-LUXEMBURG -'CHAMBER OF COMMERCE CANADA-BELGIUM-LUXEMBOURG.
Chambre de Commerce Belgo-Chilienne
BECI-BRUSSELS CHAMBER OF COMMERCE
€ 2.3 million gross margin · 2026
CLIMAFED
€ 21,186 gross margin · 2025
Chambre Belge des Comptables et des Experts Comptables
+88 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0651.774.375
- VAT number
- BE 0651.774.375
- Registered office
- Louizalaan 500 bus 232, 1050 Elsene
- Names & denominations
- VSG Patrimoine
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 2016
- Peppol
- Not registered
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering